Providing news, tips and advice in Canadian real estate market

RE/MAX released their annual Recreational Property Report for 2017, and here are 3 interesting facts:

43% of Canadians would consider buying a cottage or some type of recreational property in the next 10 years.

28% of Canadians with children under the age of 18 would consider selling their primary residence in order to help finance the dream recreational property.

56% of Canadians spend time at a cottage to find peace and quiet.

There is also a trend for people to consider fractional ownership, by buying the recreational property with a friend, a family member or by renting out on websites like AirBnB.

A large number of recreational property buyers are young families with children and retirees, who are selling their homes and in turn buying cottages.

But they’re not the only group expressing interest in recreational property ownership. A Leger’s survey of Canadians, showed that 65% of millennials are planning to buy a cottage, cabin or ski chalet in the next 10 years. Some of them would consider this as an investment vehicle too.

July 4th 2017 was a proud day for all Burlington residents, and all those in the past and present working hard to make Burlington, a true gem of a city! According to MoneySense, Burlington is best mid-sized city in Canada and the second best city in Ontario to live in.

A post shared by City of Burlington (@cityburlington) on Jun 28, 2017 at 1:51pm PDT

MoneySense uses their own methodology to establish a comprehensive data-driven snapshot of Canadian cities and towns, taking into account things like demographics, unemployment, income & wealth, affordability, taxation, mobility, crime, weather, health care, amenities, culture & community. This year was their 14th edition and they’ve included even more cities in the report, about 417 cities to be exact.

Burlington scored high with having low crime, great weather and high wealth and incomes. It is also considered a top place to retire and a welcoming place for new Canadians.

Here is a summary of their 2017 reports (looking at Ontario and how Burlington compares):

Burlington is 2nd best place to live in Ontario after Ottawa.

Burlington is 4th best place to retire in Ontario, after Ottawa.

Burlington is 7th best place for weather in Ontario after Thorold.

Burlington is 14th best place for new Canadians in Ontario, after Ottawa.

Burlington is 20th best place to raise kids in Ontario, after Oakville.

Overall, Burlington scored well and is an awesome city to live, work and play in. The city has come a long way and it’s continuously improving and growing. There are new developments all around, infrastructure upgrades, social and cultural programs underway. It’s a thriving city that’s got something for everyone. Situated between Toronto and Niagara Falls, well connected to all the major highways, positioned by lake Ontario – Burlington real estate is a good choice.

A post shared by City of Burlington (@cityburlington) on Jul 1, 2017 at 11:57am PDT

Burlington Mayor, Rick Goldring commented on MoneySense 2017 best places to live in Canada report: “There are many moving parts that go into creating a city, from economic prosperity to cultural vibrancy, from preserving history to building healthy communities. This is an acknowledgement of all of the people, past and present, who have worked to make Burlington the great city it is today.”

For all your Burlington real estate needs, be it buying or selling a home, contact Lori VanDinther and the team to help you make the right moves.

Call the Municipality after you move in to set up your automatic property tax withdrawals if you wish to be on monthly payments.

Call the Utility companies to advise of your move and to set up your accounts.

Call your telephone, cable, etc., providers to advise of your move.

Call your home insurance provider. We will need to have your “insurance binder” the day before your closing date.

If you are buying a condominium, call your property management company immediately after you move in to set up the automatic withdrawals for your monthly common element fees/condo fees.

If you are selling your home in Burlington, or moving to Burlington and looking to buy a home – contact Lori VanDinther and her team. As a long time residents of Burlington, they are well familiar with all the neighbourhoods, amenities and good locations to either get your first home, start/raise a family or happily retire.